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Record Nr. |
UNINA9910788416103321 |
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Autore |
Leigh Daniel |
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Titolo |
Fuel Price Subsidies in Gabon : : Fiscal Cost and Distributional Impact / / Daniel Leigh, Moataz El-Said |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-0741-8 |
1-4527-9655-6 |
1-283-51202-5 |
9786613824479 |
1-4519-0956-X |
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Descrizione fisica |
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1 online resource (17 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Fuel - Prices - Government policy - Gabon |
Subsidies - Gabon |
Inflation |
Macroeconomics |
Public Finance |
Energy: Demand and Supply |
Prices |
Price Level |
Deflation |
Macroeconomics: Consumption |
Saving |
Wealth |
Aggregate Factor Income Distribution |
Energy industries & utilities |
Fuel prices |
Energy subsidies |
Consumption |
Income |
Expenditures, Public |
Economics |
Gabon |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. THE MAGNITUDE OF FUEL PRICE SUBSIDIES IN GABON""; ""III. COMPARISON WITH SELECTED DEVELOPING AND EMERGING MARKET COUNTRIES""; ""IV. DISTRIBUTIONAL IMPACT OF FUEL PRICE SUBSIDIES""; ""V. MITIGATING THE EFFECT OF PRICE INCREASES ON THE POOR""; ""VI. CONCLUSION""; ""REFERENCES"" |
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Sommario/riassunto |
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This paper looks at the fiscal cost and distributional impact of implicit fuel price subsidies in Gabon, where fuel prices have remained largely unchanged since 2002. Using estimated implicit import parity prices, we evaluate the total fiscal cost of the subsidies at 3.2 percent of non-oil GDP in 2005-more than total public health expenditures. We also analyze the distribution of the subsidies using household survey data and find that the bulk of the subsidies benefit higher-income households. Finally, we suggest use of a number of existing programs to provide a more targeted and cost-effective means of protecting the real incomes of lower-income households from the effects of energy price increases. |
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